Join Jonathan I. Shenkman, President and Chief Investment Officer of ParkBridge Wealth Management this week as he discusses a variety of timely investing and financial planning topics, including:

1.   Talking points: A summer financial checklist

2.   Our quote this week is from Randy Pausch on how to gain great experience

3.   My advisor told me his goal is not to outpace the Nasdaq performance. My question is if he can’t offer the best returns what’s the point of having a financial advisor in the first place?

4.   Do UTMA accounts grow tax free like 529 accounts?

5.   If the 10-year got up to 5% and you wanted to allocate some of your bonds there. Wouldn’t you be better off buying the bonds straight up as opposed to an ETF or mutual fund?

6.   My wife and I are just getting by and can’t understand why. We are both professionals but beyond sending our six kids to yeshiva, and owning our home (we live in the NYC city area), we go on one trip to Miami once a year (to stay at our in-laws apartment). We quite literally don't have any more wiggle room. What are we doing wrong?

7.   I was offered the opportunity to invest in a restaurant. I would get 10% off whenever I eat there and I like their food. Should I do it?

8.   Timely & Actionable Idea: Not getting caught up in relative performance.

***UPCOMING LIVE FALL WEBINAR: My upcoming lineup of webinars will be sent out this summer. To be added to the distribution list to get notified of these events go to https://www.parkbridgewealth.com/webinars***

Stay connected:

1) Questions? Comments? Reach out to [email protected]

2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars  

4) WATCH my daily financial planning videos @JonathanOnMoney: Instagram | X | YouTube | LinkedIn

Hosted on Acast. See acast.com/privacy for more information.

Join Jonathan I. Shenkman, President & CIO of ParkBridge Wealth Management, as he goes “IN FOCUS” to explore more advanced wealth planning topics.                     

This week, we will go IN FOCUS where we will cover more advanced wealth planning topics.

Today, I discuss “Impact Investing: How To Make A Difference With Your Wealth In 2025 & Beyond?”

By way of background, impact investing, or investments in companies, with the intention to generate a beneficial social or environmental impact alongside a financial return, has been all the rage over the past decade. However, over the past few years, many investors have raised questions about this strategy, the methodology used, and whether it best reflects their intentions. I will share how investors can effectively express their values through their portfolios without the conflict of interests present in many of the products available on the market today.

***UPCOMING LIVE WEBINAR: COMING SOON! TO GET NOTIFIED OF MY UPCOMING LIVE EVENTS REGISTER AT https://www.parkbridgewealth.com/webinars ***

Stay connected:

1) Questions? Comments? Media Inquiries? Reach out to [email protected]

2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars 

4) Click to follow/connect: Instagram | X | YouTube | LinkedIn | Blog

Hosted on Acast. See acast.com/privacy for more information.

Join Jonathan I. Shenkman, President and Chief Investment Officer of ParkBridge Wealth Management this week as he discusses a variety of timely investing and financial planning topics, including:

1.   Talking points: Starting to invest at age 40

2.   This week’s quote is from Winston Churchill on failure

3.   Did I make a mistake by investing in the “uncorrelated strategies” my new advisor was pitching to me back in 2022?

4.   My financial advisor is recommending an investment that I don’t understand, but has had unbelievable returns. It would only be for about 5% of my portfolio. Should I move forward with this?

5.   How does climate change impact the way you structure portfolios?

6.   I recently met a crypto coach that a few of my friends work with. They said they have made money. Would you recommend working with this professional?

7.   Timely & Actionable Idea: The dangers of being too focused on tax planning…

***UPCOMING LIVE FALL WEBINAR: My upcoming lineup of webinars will be sent out this summer. To be added to the distribution list to get notified of these events go to https://www.parkbridgewealth.com/webinars***

Stay connected:

1) Questions? Comments? Reach out to [email protected]

2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars  

4) WATCH my daily financial planning videos @JonathanOnMoney: Instagram | X | YouTube | LinkedIn

Hosted on Acast. See acast.com/privacy for more information.

Join Jonathan I. Shenkman, President & CIO of ParkBridge Wealth Management, as he goes “IN FOCUS” to explore more advanced wealth planning topics.

This week, we will go IN FOCUS where we will cover more advanced wealth planning topics.

Today, we are joined by Angelika J. Herburger and Russell S. Ephraim, of CBIZ Advisors LLC based in New York City. Angelika and Russell will be discussing “Understanding Pass-Through Entity Taxation.”

By way of background, circumventing the individual state and local tax cap with pass-through entity taxes has been a topic of discussion for several years and remains a key issue currently being debated in Congress. This program will explore the unique tax considerations and implications of pass-through entity taxation, offering clear insights into this complex and often confusing topic.

***UPCOMING LIVE WEBINAR: on Tuesday, June 17th @ 8:30am (New York time) featuring, yours truly, Jonathan I. Shenkman of ParkBridge Wealth Management where I will be speaking on “Impact Investing: How To Make A Difference With Your Wealth In 2025 & Beyond?” Register here: https://us02web.zoom.us/webinar/register/WN_eTWTHiGxS4WiZjy8Qbs1iw  ***

Stay connected:

1) Questions? Comments? Media Inquiries? Reach out to [email protected]

2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars 

4) Click to follow/connect: Instagram | X | YouTube | LinkedIn | Blog

Hosted on Acast. See acast.com/privacy for more information.

Join Jonathan I. Shenkman, President and Chief Investment Officer of ParkBridge Wealth Management this week as he discusses a variety of timely investing and financial planning topics, including:

1.   Talking points: 10 Financial Commandments For Retirees

2.   This week’s quote is from Jason Zweig on good financial advice

3.   Do you think it’s some form of conflict of interest that Trump launched the Trump coin right before his inauguration?

4.   Why did inflation outperform TIPS in 2024? Isn’t the whole purpose of TIPS to outperform inflation?

5.   There are many people in my community who share a lot of information about the latest vacation they went on, their new fancy toys, extension to their house and so on and so forth. How do I not engage with people like that?

6.   How do I marry a rich guy? This may seem superficial, but I think it’s a good life decision. I’m not interested in a philosophical answer and why that may not be a good decision. I’m just interested in how to do it.

7.   Would you agree that private equity is less risky than public equities since you have more control over the returns?

8.   Timely & Actionable Idea: The dangers of not factoring in tax planning within your investment strategy

***UPCOMING LIVE WEBINAR: On Thursday, June 5th @ 8:30am on the topic “Understanding Pass-Through Entity Taxation” featuring Angelika Herburger and Russell Ephraim both from CBIZ Advisors based in New York City. Register here: https://us02web.zoom.us/webinar/register/WN_CIBY7Q0UTu6TqhG9W2_KrQ  ***

Stay connected:

1) Questions? Comments? Reach out to [email protected]

2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars  

4) WATCH my daily financial planning videos: Instagram | X | YouTube | LinkedIn

Hosted on Acast. See acast.com/privacy for more information.

Join Jonathan I. Shenkman, President & CIO of ParkBridge Wealth Management, as he goes “IN FOCUS” to explore more advanced wealth planning topics.

This week, we will go IN FOCUS where we cover more advanced wealth planning topics.

Today, we are joined by John S. Kiely, who is Counsel at the law firm McDermott Will & Emery LLP based in New York City. John will be discussing “The IRS Issues Final Regulations on Gifts and Bequests from Covered Expatriates.”

By way of background, Section 2801 of the Internal Revenue Code was enacted in 2008 and imposes a 40% tax on gifts and bequests from covered expatriates. Enforcement was stayed pending issuance of enabling regulations and the final regulations were issued on January 15, 2025, effective January 1. This tax is paid by the recipient and recipients are responsible for determining whether they have a tax filing and payment obligation. Individuals who receive gifts and bequests from covered expatriates, or distributions from foreign trusts that might have received funds from covered expatriates, need to know about these final regulations and the reporting obligations on a new form, Form 708.

***UPCOMING LIVE WEBINAR: On Thursday, June 5th @ 8:30am (New York time) featuring Angelika J. Herburger and Russell S. Ephraim, both from CBIZ Advisors, LLC based in New York City. Angelika and Russell will be speaking on “Understanding Pass-Through Entity Taxation.” Register here: https://us02web.zoom.us/webinar/register/WN_CIBY7Q0UTu6TqhG9W2_KrQ ***

Stay connected:

1) Questions? Comments? Media Inquiries? Reach out to [email protected]

2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars 

4) Click to follow/connect: Instagram | X | YouTube | LinkedIn | Blog

Hosted on Acast. See acast.com/privacy for more information.

Join Jonathan I. Shenkman, President and Chief Investment Officer of ParkBridge Wealth Management this week as he discusses a variety of timely investing and financial planning topics, including:

1.   Talking points: The Role of Mazal, or luck, in Personal Finance.

2.   This week’s quote is from Charlie Munger on what it takes to be successful.

3.   Can you describe your approach to investing?

4.   I’d like to go to an NBA game and sit courtside. I can afford to do that for the Nets (Knicks tickets are way out of my price range). It would be the equivalent of like two months worth of discretionary spending for me. Should I do it?

5.   Warren Buffet said to put 90% of one’s assets in the S&P 500 and the rest in Treasuries. Should I liquidate all my investments and do that?

6.   My uncle started his business by taking out credit card debt. He is now one of the wealthiest people in his community. Given the possibilities, would you ever be OK with someone taking out credit card debt to fuel growth in your business?

7.   What amount of money do you think is optimal to shoot for where you don’t need to work, but won’t be hounded by charities asking you to make big donations?

8.   Timely & Actionable Idea: Don’t underestimate the required annual income in order to maintain your lifestyle.

***UPCOMING LIVE WEBINAR: On Thursday, June 5th @ 8:30am on the topic “Understanding Pass-Through Entity Taxation” featuring Angelika Herburger and Russell Ephraim both from CBIZ Advisors based in New York City. Register here: https://us02web.zoom.us/webinar/register/WN_CIBY7Q0UTu6TqhG9W2_KrQ  ***

Stay connected:

1) Questions? Comments? Reach out to [email protected]

2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars  

4) WATCH my daily financial planning videos: Instagram | X | YouTube | LinkedIn

Hosted on Acast. See acast.com/privacy for more information.

Join Jonathan I. Shenkman, President & CIO of ParkBridge Wealth Management, as he goes “IN FOCUS” to explore more advanced wealth planning topics.

This week, we will go IN FOCUS where we cover more advanced wealth planning topics.

Today, we are joined by Timothy Noonan a Partner at the law firm Hodgson Russ based in Buffalo and New York City. Tim will be discussing “Hot Topics in NY Tax Audits and Enforcement.”

While lots of questions remain at the federal level about what will happen with tax enforcement, there is no question that the New York State Department of Taxation and Finance has not skipped a step. The state is as aggressive as ever, and is stepping-up enforcement in all areas, including personal taxes and residency, sales taxes, and corporate taxes. In this episode, Tim will review the latest hot topics in the New York tax area and give a quick overview of new tax legislation that will be enacted as part of the state’s 2025 budget.

***UPCOMING LIVE WEBINAR: On Tuesday, May 20th @ 8:30am (New York time) featuring John S. Kiely of the law firm McDermott Will & Emery based in New York City. John will be speaking on “The IRS Issues Final Regulations on Gifts and Bequests from Covered Expatriates.” Register here: https://us02web.zoom.us/webinar/register/WN_7qt36Oc3TGGJ9i4ZpwpvtA  ***

Stay connected:

1) Questions? Comments? Media Inquiries? Reach out to [email protected]

2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars 

4) Click to follow/connect: Instagram | X | YouTube | LinkedIn | Blog

Hosted on Acast. See acast.com/privacy for more information.

Join Jonathan I. Shenkman, President and Chief Investment Officer of ParkBridge Wealth Management this week as he discusses a variety of timely investing and financial planning topics, including:

1.   Talking points: Taking out credit card debt to pay for a wedding.

2.   This week’s quote is discusses how to measure real wealth.

3.   What's the difference between an investment banker and what you do?

4.   How do I convince a family member who is living paycheck to paycheck, but spends money like a drunken sailor, to be more sensible with their money?

5.   Why do the rich get richer, and the poor always get poorer in this country?

6.   How much does the way you grow up impact your relationship with money?

7.   Is curbside check-in a worthwhile financial outlay?

8.   Timely & Actionable Idea: Having more control, does not necessarily lead to better performance

***UPCOMING LIVE WEBINAR: On Thursday, May 8th @ 8:30am (New York time) featuring Timothy Noonan, a Partner at Hodgson Russ LLP based in Buffalo, NY will be speaking on “Hot Topics in NY Tax Audits and Enforcement.”

Register here: https://us02web.zoom.us/webinar/register/WN_sFsNmWyqSSqHxjNq9pXcew   ***

Stay connected:

1) Questions? Comments? Reach out to [email protected]

2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars  

4) WATCH my daily financial planning videos: Instagram | X | YouTube | LinkedIn

Hosted on Acast. See acast.com/privacy for more information.

Join Jonathan I. Shenkman, President & CIO of ParkBridge Wealth Management, as he goes “IN FOCUS” to explore more advanced wealth planning topics.

This week, we will go IN FOCUS where we cover more advanced wealth planning topics.

Today, we are joined by Brian Balduzzi and Lisa Presser both from the law firm Faegre Drinker Biddle & Reath based in Philadelphia and Princeton, NJ . Brian and Lisa will be discussing “5 Over-Looked Estate Planning Tips to Consider for 2025.”

Given the potential sunset of the Tax Cuts and Jobs Act or a repeal of the federal estate and generation-skipping transfer tax, this program will discuss some estate planning topics that may have been missed or overlooked by advisors and clients. These over-looked tips in estate planning include life insurance planning, broad limited powers of appointment, QTIP-able trusts, GRATs, and more.

***UPCOMING LIVE WEBINAR: On Thursday, May 8th @ 8:30am (New York time) featuring Timothy Noonan, a Partner at Hodgson Russ LLP based in Buffalo, NY will be speaking on “Hot Topics in NY Tax Audits and Enforcement.”

Register here: https://us02web.zoom.us/webinar/register/WN_sFsNmWyqSSqHxjNq9pXcew   ***

Stay connected:

1) Questions? Comments? Media Inquiries? Reach out to [email protected]

2) Signup for my monthly NEWSLETTER here: https://www.ParkBridgeWealth.com/newsletter

3) Get notified of upcoming LIVE webinars: https://www.parkbridgewealth.com/webinars 

4) Click to follow/connect: Instagram | X | YouTube | LinkedIn | Blog

Hosted on Acast. See acast.com/privacy for more information.